Lombard Odier Asset Management USA Corp Purchases Shares of 17,711 Fluor Corporation $FLR

Lombard Odier Asset Management USA Corp purchased a new stake in Fluor Corporation (NYSE:FLR) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 17,711 shares of the construction company’s stock, valued at approximately $702,000.

A number of other institutional investors also recently modified their holdings of the company. Captrust Financial Advisors lifted its holdings in shares of Fluor by 35.6% in the fourth quarter. Captrust Financial Advisors now owns 32,211 shares of the construction company’s stock valued at $1,277,000 after purchasing an additional 8,456 shares in the last quarter. &PARTNERS bought a new stake in shares of Fluor in the fourth quarter valued at about $243,000. ExodusPoint Capital Management LP bought a new stake in shares of Fluor in the fourth quarter valued at about $703,000. Blair William & Co. IL lifted its holdings in shares of Fluor by 29.3% in the fourth quarter. Blair William & Co. IL now owns 58,323 shares of the construction company’s stock valued at $2,311,000 after purchasing an additional 13,226 shares in the last quarter. Finally, Magnetar Financial LLC bought a new stake in shares of Fluor in the fourth quarter valued at about $2,922,000. 88.07% of the stock is currently owned by institutional investors.

Fluor Stock Performance

NYSE FLR opened at $50.64 on Wednesday. The company has a current ratio of 1.78, a quick ratio of 1.78 and a debt-to-equity ratio of 0.36. The firm’s fifty day moving average price is $48.01 and its two-hundred day moving average price is $46.25. Fluor Corporation has a 1 year low of $37.62 and a 1 year high of $57.50. The firm has a market capitalization of $7.07 billion, a P/E ratio of 29.44, a price-to-earnings-growth ratio of 1.56 and a beta of 1.25.

Fluor (NYSE:FLR) last posted its quarterly earnings results on Friday, May 8th. The construction company reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.66 by ($0.52). Fluor had a return on equity of 5.90% and a net margin of 2.30%.The firm had revenue of $3.66 billion for the quarter, compared to the consensus estimate of $3.89 billion. During the same period last year, the company posted $0.73 earnings per share. The business’s revenue was down 8.0% compared to the same quarter last year. As a group, research analysts anticipate that Fluor Corporation will post 2.69 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on FLR. Weiss Ratings raised shares of Fluor from a “sell (d+)” rating to a “hold (c)” rating in a research report on Monday, May 11th. DA Davidson boosted their price objective on shares of Fluor from $55.00 to $60.00 and gave the stock a “buy” rating in a research report on Thursday, February 19th. UBS Group reissued a “buy” rating and issued a $57.00 price objective on shares of Fluor in a research report on Thursday, February 19th. Robert W. Baird boosted their price objective on shares of Fluor from $48.00 to $49.00 and gave the stock a “neutral” rating in a research report on Monday, May 11th. Finally, Citigroup dropped their target price on Fluor from $61.00 to $56.00 and set a “buy” rating on the stock in a report on Monday, May 11th. Four research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, Fluor currently has an average rating of “Moderate Buy” and an average target price of $53.33.

Fluor Profile

Fluor Corporation (NYSE: FLR) is a global engineering and construction firm that provides integrated solutions across the energy, chemicals, mining, clean energy, infrastructure and government services markets. The company’s core offerings include engineering, procurement, fabrication, construction, maintenance and project management services, with capabilities spanning feasibility studies, detailed design and turnkey delivery. Fluor’s diversified portfolio encompasses conventional oil and gas facilities, liquefied natural gas (LNG) plants, petrochemical facilities, power generation projects, transportation infrastructure and federal government programs.

Founded in 1912 by John Simon Fluor as the Fluor Construction Company in Pomona, California, the firm has grown into an industry leader headquartered in Irving, Texas.